Taiwan Semiconductor Manufacturing Co.’s market value closed above $1 trillion for the first time in Taipei last week, with a raised sales forecast driven by robust artificial intelligence demand.

Taiwanese semiconductor giant TSMC’s Taiwan stock market value has surpassed US$1 trillion dollars, marking the first time since 2007 that an Asian stock has reached this milestone. The price surge reflects growing investor confidence in the global AI boom and rising demand for TSMC’s chips.